Is domestic consumption dragged down by real estate sector?-Evidence from Chinese household wealth

Article Business, Finance

The crowding out channel: Housing boom and investment in China

He Zhang et al.

Summary: The study reveals that a credit-driven housing boom in China leads to a crowding out effect on corporate investment, as constrained commercial banks tend to allocate more credit to the non-productive household sector.

FINANCE RESEARCH LETTERS (2021)

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Article Business, Finance

Habits, Wealth and Equity Risk Premium

Christos Giannikos et al.

Summary: The study demonstrates that in an exchange economy with external habits and agents with convex (concave) absolute risk tolerance, wealth inequality will decrease (increase) the equity risk premium. Furthermore, it is found that as external habits increase, the equity risk premium increases (decreases) if agents exhibit convex (concave) absolute risk tolerance.

FINANCE RESEARCH LETTERS (2021)

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Article Business, Finance

Household leverage and education expenditure: the role of household investment

Huaying Wei et al.

Summary: The study found that higher leverage may constrain households' spending on children's education, especially when households are conducting investments, the adverse effect can be worsened. Therefore, easing the leverage load for households may help to improve their education expenditure.

FINANCE RESEARCH LETTERS (2021)

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Article Business, Finance